Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LSEA | Common Stock, par value $0.0001 | Tax liability | -$175K | -24.5K | -4.7% | $7.15 | 496K | Mar 15, 2025 | Direct | F1, F2 |
holding | LSEA | Common Stock, par value $0.0001 | 25.1K | Mar 15, 2025 | By J & J Ho Family Trust | F3 |
Id | Content |
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F1 | 62,154 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") vested on March 15, 2025. In connection with the vesting and settlement of such RSUs, the Issuer withheld shares of Issuer's common stock, par value $0.0001 per share ("Common Stock") to satisfy its tax withholding obligations. The number of shares withheld was based on the closing price per share on March 14, 2025. The withholding of vested shares was approved by the Board of the Directors of the Issuer. |
F2 | Includes 84,000 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of May 29, 2025, May 29, 2026, and May 29, 2027. Each RSU represents the right to receive one share of Common Stock. |
F3 | These shares are owned directly by J&J Ho Family Trust for which the Reporting Person serves as trustee. |